Airdrop Details

Information Details
Airdrop Type SWELL (Governance Token)
Total Airdrop Amount 850,000,000 SWELL (8.5% of total supply) allocated to the Voyage campaign
Number of Eligible Users Not Known
Number of Claimants Not Known

Timeline

Event Date
Blockchain Snapshot Not Known
Claiming Started November 7, 2024, 9:00 AM UTC
Claiming Ends May 7, 2025 (6 months after launch)

Token Distribution

Distribution Amount
Maximum Based on White Pearls accumulation (varies per user)
Median/Average Not Known
Minimum Users with less than 10 White Pearls are ineligible for the Loyalty Bonus

Eligibility Criteria

  • Eligibility was determined based on participation in the Swell Voyage campaign.
  • Users earned “White Pearls” based on their staking and liquidity provision.
  • 7% of the total SWELL allocation was distributed linearly based on White Pearls.
  • An additional 1.5% was distributed as a Loyalty Bonus to the most dedicated users.
  • Users with less than 10 White Pearls were not eligible for the Loyalty Bonus.
  • Anti-sybil measures were implemented to prevent manipulation.
  • Top 250 wallets were subject to vesting conditions.

Additional Information

  • Users can maximize their airdrop rewards by claiming as rSWELL, which earns:
    • 10x Black Pearls
    • 15x Ecosystem Points (when deposited in Swell L2)
    • Symbiotic Points (future rewards)
    • Restaking yield for securing Swell L2
  • SWELL and rSWELL can be used for governance in Swell DAO.
  • CEX listings followed the claim launch at 10:00 AM UTC on November 7, 2024.
  • rSWELL can be unstaked with a 3-day cooldown period.
  • Users with small allocations may delay their claim until Swell L2 launches.
  • Unclaimed tokens after 6 months will return to the Swell DAO.